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November 21, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > The Frost National Bank San Antonio Business Loans > Recreational Goods Rental Loan | ||||
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SBA Loan from The Frost National Bank
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SBA Loan from The Frost National Bank Helps Recreational Goods Rental CompanyAn SBA loan from The Frost National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pearland, Texas business owner got a $43,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Frost National Bank, out of San Antonio, Texas. The loan was granted and they received $43,000 to help grow their Pearland, Texas business. SBA Loan Borrower COMPANY TYPE: RECREATIONAL GOODS RENTAL SBA Loan Lender THE FROST NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 532292 - Recreational Goods Rental Loan Approval Date 9/10/2003 Loan Approval Gross Amount $43,000 Loan Approval from the SBA Of the total $43,000 loan amount, the SBA guaranteed $21,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Frost National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Borrowing Money from Friends and Family Small Bank Loans in San Antonio, Texas
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